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2012 (7) TMI 913 - AT - Income TaxWhether the Ld. CIT(A) was right in allowing relief on account of deduction u/s 80IB on Central Excise Duty - Held YES . See Shree Balaji Alloys v. CIT and Another(2011 (1) TMI 394 - Jammu and Kashmir High Court ) by holding that the Excise Duty refund is to be treated as ‘capital receipt’ and not liable to be taxed. Disallowance made u/s 40(a)(ia) on TDS default - HeLd that:- The issue in dispute is decided in favour of the assessee and against the Revenue.
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